UPDATED 6:35 AM EDT, May 15, 2013 | ANDREW TAYLOR, Associated Press
WASHINGTON (AP) — There's some good news on this year's budget deficit: It's now projected to come in well below what was estimated just a few months ago.
But for deficit hawks it's bad news because it could further curb the already slowing momentum for a budget deal this year.
A Congressional Budget Office study released Tuesday predicts a 2013 budget deficit of $642 billion, more than $200 billion below its February estimate.